Recall the Application about the harmattan and how it affects the price of cocoa to answer the following question(s).According to this Application, the recent result of the harmattan was to the equilibrium price and the equilibrium quantity of cocoa.

A. increase; increase
B. increase; decrease
C. decrease; increase
D. decrease; decrease

Answer: B

Economics

Refer to the scenario above. Which country is likely to have the highest Human Development Index?

A) Neoland B) Ritzland C) Techland D) Eduland

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Economics

The marginal-cost curve intersects the average-total-cost curve at the minimum point of the marginal-cost curve

a. True b. False Indicate whether the statement is true or false

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Economics

Recall the Application about the harmattan and how it affects the price of cocoa to answer the following question(s).According to this Application, the recent result of the harmattan was to ________ the equilibrium price and ________ the equilibrium quantity of cocoa.